Two of the most-watched ballot initiatives were Proposition 21, which was defeated, and Proposition 15, which was losing with about 75% of the vote as of late yesterday.

The firm buys the Viceroy L'Ermitage Beverly Hills Hotel for $100 million, a 116-suite luxury hotel that recently completed a $37 million renovation.

In the last seven months, JLL Capital Markets has closed several manufactured home deals in Southern California and Phoenix.

Max Crowdfund, the first regulated blockchain-powered crowdfunding platform, has funded its first two real estate projects, totaling 694,000 Euros, within a month of becoming operational.